Compact Robot Controller Market Size, Share, Growth, and Industry Analysis by Type (Multi-Joint Robot Controller, Planar Multi-Joint Robot Controller, Coordinate Robot Controller), by Application (Automotive, Electrical and Electronics, Metal, Plastic and Chemical Products, Food and Beverages), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

COMPACT ROBOT CONTROLLER MARKET REPORT OVERVIEW

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The global compact robot controller market size was USD 1659 million in 2020 and the market is projected to touch USD 3128.7 million by 2027, exhibiting a CAGR of 9.5% during the forecast period.

The robot controller is a device that controls the robot to complete certain actions or tasks according to instructions and sensor information. It is the heart of the robot and determines the performance of the robot. As one of the most core components of industrial robots, the robot controller has a decisive influence on the performance of the robot, and affects the development of the robot to a certain. Compact robot controller acts as the brain of the robot and is responsible for processing information from sensors, sending commands to actuators, and overall coordination of robotic movements and tasks. The rising attention on cost-effective and energy-efficient automation solutions is improving the demand for compact robot controllers.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

COMPACT ROBOT CONTROLLER MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into multi-joint robot controller, planar multi-joint robot controller, coordinate robot controller.

Multi-joint robot controller will capture the maximum market share through forecast period.

Multi-joint robot controller is designed to operate robots with multiple joints, allowing for complex tasks to be performed.

Planar multi-joint robot controller controls robots that operate on a flat surface, ensuring precise movements within a two-dimensional workspace.

Coordinate robot controller oversees robots that move in a three-dimensional space, enabling them to perform tasks with high accuracy and flexibility.

• By Application Analysis

According to application, the market can be segmented into automotive, electrical and electronics, metal, plastic and chemical products, food and beverages.

Compact robot controller market players cover segment as automotive will dominate the market share during forecast period.

Automotive sector these controllers are used to automate assembly lines and perform tasks like welding or painting.

Electrical and electronics industry, they help with electronic component assembly and testing.

Plastic and chemical products market, these controllers aid in material handling, packaging, and quality control. 

Food and beverages market, compact robot controllers are utilized for tasks like sorting, packaging, and palletizing, ensuring efficient and hygienic processes.

DRIVING FACTORS

"Increasing Automation in Manufacturing To Boost The Market Growth"

The increasing implementation of automation across various industries, including manufacturing, automotive, healthcare, and logistics, is driving the demand for compact robot controllers. These controllers offer benefits such as high performance, reliability, compact size, and easy integration with other automation systems.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the compact robot controller market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. 

RESTRAINING FACTOR

"High cost To Hamper The Market Growth"

High cost is hampering development of the compact robot controller market. Purchasing and installation requires extensive investment. Some industries might require specialized robotic solutions which can further drive up the initial costs. Technical difficulties will reduce the industry revenue.

COMPACT ROBOT CONTROLLER MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market Due To Increasing Production & Demand For Robotic Units"

North America is further expected to witness growth in the compact robot controller market share. The region is dominating the market due to the increasing production and demand for robotic units. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Fanuc (U.S.)
• KUKA Roboter (Germany)
• ABB Robotics (Switzerland)
• Mitsubishi Electric (Japan)
• Yamaha Motor Industrial Robots (Japan)

INDUSTRIAL DEVELOPMENT

March 2022: Fanuc Corporation has launched DR-3iB/6, designed specifically for rigorous wash down environments, DR-3iB/6 stainless incorporates a completely sealed stainless steel body that provides excellent resistance to chemicals, high pressures, and elevated temperatures.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.